CalPERS CIO Is Focused on a 6.8% Rate of Return

The video discusses the challenges of investing over $400 billion in a difficult environment, aiming for a 6.8% return over 20 years. Despite recent shortfalls, the long-term target has been met. The strategy involves diversification and private market assets to ensure funding and meet commitments, as a 5% yield from U.S. Treasury bills is insufficient. The video reassures retirees about the fund's ability to meet pension obligations.

How does the speaker address concerns about being only 80% funded?

What measures are being taken to ensure the pension commitments can be met?